Category: Top Stories
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‘It’s unfair to say Ghana has nothing to show for its programmes with IMF – Country Director
The Country Director for the International Monetary Fund (IMF), Dr. Albert Touna Mama, says it is unfair for anyone to suggest that Ghana has nothing to show for its many programmes with the IMF. According to him, the country cannot be said to have stagnated throughout its various programmes with the IMF as the fund…
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Third party assessment can resolve ENI/Springfield unitisation impasse – Egyapa Mercer
Deputy Minister-designate for Energy, Andrew Egyapa Mercer, has called for the introduction of a third-party assessment of the directives on the unitisation of the Afina and Sankofa fields. This follows a delay in the two companies joining forces to explore the Afina and Sankofa fields. It will be recalled that former Energy Minister, John Peter…
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#CitiBusinessFestival: Be strategic to attract loans – Yofi Grant to MSMEs
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, is admonishing Micro, Small and Medium-scale Enterprises (MSMEs) to make themselves attractive to have easier access to funds. “There are a lot of things happening in Ghana today that are global standards, but they’ve run short because of maybe packaging or the…
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Over 16,000 agribusinesses couldn’t recover from COVID-19 shocks – GSS
A new survey conducted by the Ghana Statistical Service with support from the UNDP and GiZ has found that about 16,000 agribusinesses have not recovered from the shocks of the COVID-19 pandemic. The study which focused on firms’ survival, measured from their operational status, the impact of the pandemic on wages and employment revealed that…
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#CitiBusinessFestival: Training on entrepreneurship should begin from SHS – Yofi Grant
The Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, believes one of the ways to raise more entrepreneurs within the Micro Small and Medium Enterprises (MSMEs) sector is for the government to empower the youth through skills training right from Senior High School. Speaking on the on-air series of the…
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Africans must trade more among themselves – Togbe Afede
Togbe Afede XIV, Agbogbomefia of Asogli State has called on African countries to encourage trading among themselves to enhance living standards across the continent. He said Africans must redirect spending to the continent to help foster stronger continental integration, the prime objective of the Africa Continental Free Trade Area (AfCFTA). Togbe Afede made the call…
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Reduce domestic borrowing, to curb banks’ appetite for securities – Government urged
Government has been urged to reduce its demand for funds from the domestic market to help reduce the overreliance of banks on government securities. According to the Governor of the Bank of Ghana, Dr. Ernest Addison, in addition to government’s actions, factors such as the habitual non-payment of loans taken and the slow nature of…
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Ghanaians urged to take advantage of International Development Fund
The Programme Coordinator for the International Development Fund in Ghana, Jelili Jerry Afolabi, has urged Ghanaian entrepreneurs to explore international opportunities in development finance under the International Development Fund. Addressing participants during the first IDF funding seminar organized by WABS Consult in Accra, Mr. Afolabi said the IDF provides collateral-free financial resources for the execution…
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![Ghanaians express varied opinions on 6% increase in minimum wage [Video]](https://citibusinessnews.com/wp-content/uploads/2021/06/cedi-notes.jpg)
Ghanaians express varied opinions on 6% increase in minimum wage [Video]
The recent increase in the national daily minimum wage has generated mixed reactions from Ghanaians. The 2021 National Daily Minimum Wage has gone up by 6 percent to GHS12.53 effective Friday, June 4, 2021, from the GHS11.82 that took effect on January 1, 2020. The wage, which is usually reviewed annually, is in pursuance of…
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Transport fares should’ve gone up more than 13% – Commercial drivers
Some commercial drivers in Accra are not happy with the 13% increment in transport fares. The Ghana Private Road Transport Union (GPRTU) announced a 13 percent increment in transport fares effective Saturday, June 5, 2021. The new fares will cover intercity ‘trotro’ vehicles, intercity long-distance vehicles and shared taxis. But interactions with these commercial drivers…